Core Insights - Hisense Visual Technology Co., Ltd. experienced a stock price increase of 5.05%, reaching 25.37 CNY per share, with a trading volume of 472 million CNY and a turnover rate of 1.47%, resulting in a total market capitalization of 33.107 billion CNY [1] Company Overview - Hisense Visual Technology was established on April 17, 1997, and listed on April 22, 1997. The company is located in Qingdao Economic and Technological Development Zone, Shandong Province [1] - The main business activities include manufacturing and sales of televisions, broadcasting equipment, refrigerators, communication products, information technology products, and both household and commercial electrical appliances [1] - The revenue composition is as follows: smart display terminals account for 79.68%, new display businesses 11.57%, other supplementary businesses 7.88%, and other categories 0.88% [1] Fund Holdings - According to data, a fund under Zhongtai Securities Asset Management holds a significant position in Hisense Visual Technology. The Zhongtai Hongli Quantitative Stock Selection Fund A (021167) held 22,500 shares in the third quarter, representing 3.89% of the fund's net value, making it the sixth-largest holding [2] - The fund was established on June 4, 2024, with a latest scale of 12.5481 million CNY. Year-to-date returns are 10.59%, ranking 3591 out of 4217 in its category, while the one-year return is 9.02%, ranking 3040 out of 3918 [2] Fund Manager Profile - The fund manager of Zhongtai Hongli Quantitative Stock Selection Fund A is Zou Wei, who has been in the position for 5 years and 337 days. The total asset size of the fund is 1.041 billion CNY [3] - During Zou Wei's tenure, the best fund return was 70.16%, while the worst return was -2.82% [3]

Group 1 - Hisense Visual Technology Co., Ltd. experienced a stock price increase of 5.05%, reaching 25.37 CNY per share, with a trading volume of 469 million CNY and a turnover rate of 1.46%, resulting in a total market capitalization of 33.107 billion CNY [1] - The company, established on April 17, 1997, and listed on April 22, 1997, is located in Qingdao, Shandong Province, and primarily engages in the manufacturing, sales, and service of televisions, broadcasting equipment, refrigerators, communication products, and various electronic products [1] - The revenue composition of Hisense includes smart display terminals at 79.68%, new display businesses at 11.57%, and other segments at 7.88% and 0.88% [1] Group 2 - According to data, the Bank of China Fund has one fund heavily invested in Hisense Visual, specifically the Bank of China China Mixed (LOF) A (163801), which held 908,600 shares in the third quarter, accounting for 3.16% of the fund's net value, making it the eighth largest holding [2] - The Bank of China China Mixed (LOF) A (163801) was established on January 4, 2005, with a latest scale of 693 million CNY, achieving a year-to-date return of 7.29% and a one-year loss of 2.58% [2] - The fund manager, Yang Yiran, has been in charge for 3 years and 145 days, with the fund's total asset size at 902 million CNY, achieving a best return of 11.66% and a worst return of 0.9% during his tenure [3]

数据来源：中国海关，智研咨询整理 知前沿，问智研。智研咨询是中国一流产业咨询机构，十数年持续深耕产业研究领域，提供深度产业研 究报告、商业计划书、可行性研究报告及定制服务等一站式产业咨询服务。专业的角度、品质化的服 务、敏锐的市场洞察力，专注于提供完善的产业解决方案，为您的投资决策赋能。 相关报告：智研咨询发布的《2025-2031年中国液晶电视行业市场供需态势及发展前景研判报告》 根据中国海关数据显示：2025年8月中国液晶电视机进口数量为0万台，同比下降78.8%，进口金额为 0.01亿美元，同比下降83.1%，2025年8月中国液晶电视机出口数量为1073万台，同比增长0.9%，出口金 额为14.99亿美元，同比下降3%。 近一年中国液晶电视机出口情况统计图 ...

Core Insights - The report by Zhiyan Consulting highlights the supply and demand trends in China's LCD TV industry from 2025 to 2031, indicating significant changes in import and export activities [1] Import Data - In April 2025, China imported 50,000 LCD TVs, marking a year-on-year increase of 24.9% with an import value of $0.38 million, which represents a 38.4% increase compared to the previous year [1] - The statistics on LCD TV imports over the past year are compiled from data provided by Chinese customs and organized by Zhiyan Consulting [1] Export Data - In April 2025, China exported 8.6 million LCD TVs, showing a year-on-year decline of 7.6%, with an export value of $12.04 million, reflecting an 11% decrease compared to the previous year [1] - The statistics on LCD TV exports over the past year are also sourced from Chinese customs and organized by Zhiyan Consulting [1] Company Profile - Zhiyan Consulting is recognized as a leading industry consulting firm in China, specializing in in-depth industry research reports, business plans, feasibility studies, and customized services [1] - The company emphasizes its professional approach, quality services, and keen market insights, aiming to provide comprehensive industry solutions to empower investment decisions [1]

Core Viewpoint - The report indicates a decline in the production of color televisions in China, with a notable decrease in both monthly and cumulative production figures for 2025 [1] Industry Summary - In August 2025, China's color television production was recorded at 18.02 million units, reflecting a year-on-year decrease of 3.2% [1] - From January to August 2025, the cumulative production of color televisions in China reached 125.821 million units, showing a cumulative decline of 5.1% [1] Company Summary - The companies mentioned in the report include TCL Technology, Skyworth Digital, Hisense Visual, Sichuan Changhong, Shenzhen Konka, Zhaochi Co., Hisense Home Appliances, and Rainbow Co [1]

Core Viewpoint - The article highlights the efforts of the Ministry of Public Security in China to combat intellectual property infringement and the sale of counterfeit goods, emphasizing the importance of maintaining market order and consumer safety through law enforcement actions [1][2]. Summary by Sections Law Enforcement Actions - In 2023, a total of 14,000 criminal cases related to intellectual property infringement and counterfeit goods were filed nationwide, leading to the dismantling of several organized crime groups and the destruction of cross-regional criminal supply chains [1][2]. Major Cases - **Case 1: Counterfeit Brand Handbags** In April 2025, 44 suspects were arrested in Liaoning for producing counterfeit brand handbags, with over 40,000 fake bags and related materials seized, amounting to over 100 million yuan [3]. - **Case 2: Inferior Fragrance Products** In April 2025, 16 suspects were arrested in Shanghai for selling inferior fragrance products, with 9,400 boxes of fake products and 6,000 fragrance pieces seized, involving 4.5 million yuan [4]. - **Case 3: Inferior Diesel** In June 2025, 26 suspects were arrested in Zhejiang for selling inferior diesel, with 60 tons of substandard diesel and 24 oil tankers seized, involving 117 million yuan [6]. - **Case 4: Counterfeit Toner Cartridges** In June 2025, 3 suspects were arrested in Anhui for selling counterfeit toner cartridges, with 23,000 fake cartridges and related materials seized, involving over 500,000 yuan [7]. - **Case 5: Inferior Hygiene Products** In March 2025, 18 suspects were arrested in Shandong for selling inferior hygiene products, with 69.4 tons of counterfeit diapers and sanitary napkins seized, involving over 20 million yuan [8]. - **Case 6: Counterfeit Assembled Cars** In May 2025, 8 suspects were arrested in Hubei for selling counterfeit assembled cars, with over 240 fake cars seized, involving over 4.5 million yuan [9]. - **Case 7: Counterfeit Electric Vehicle Batteries** In May 2025, 13 suspects were arrested in Chongqing for selling counterfeit electric vehicle batteries, with 32,600 fake batteries seized, involving over 3 million yuan [10]. - **Case 8: Counterfeit Televisions** In June 2025, 30 suspects were arrested in Sichuan for producing counterfeit televisions, with 302 fake TVs and 31,000 counterfeit trademarks seized, involving over 3 million yuan [11].

Core Viewpoint - The report from Zhiyan Consulting highlights a significant decline in both the import and export of liquid crystal televisions (LCD TVs) in China for July 2025, indicating a challenging market environment for the industry [1]. Import Data - In July 2025, China imported 10,000 LCD TVs, representing a year-on-year decrease of 72.7% [1]. - The import value for the same period was $0.03 million, which is a 79.6% decline compared to the previous year [1]. Export Data - In July 2025, China exported 9.74 million LCD TVs, showing a year-on-year decrease of 3% [1]. - The export value for this period was $137.8 million, reflecting a slight decline of 1.6% year-on-year [1]. Industry Insights - Zhiyan Consulting is recognized as a leading industry consulting firm in China, specializing in in-depth industry research and providing comprehensive consulting services to support investment decisions [1].

Core Insights - The report by Zhiyan Consulting highlights a significant decline in China's LCD TV import and export figures for June 2025, indicating a challenging market environment for the industry [1] Import Data - In June 2025, China imported 20,000 LCD TVs, representing a year-on-year decrease of 15.1% [1] - The import value for the same period was $0.14 million, which is a 25.6% decline compared to the previous year [1] Export Data - In June 2025, China exported 7.81 million LCD TVs, showing a year-on-year decrease of 14.3% [1] - The export value during this period was $11 million, reflecting a 17% decline year-on-year [1] Industry Analysis - Zhiyan Consulting is recognized as a leading industry consulting firm in China, specializing in in-depth industry research and providing comprehensive consulting services to support investment decisions [1]

Core Insights - The report by Zhiyan Consulting highlights a significant decline in China's television import and export figures for June 2025, indicating a challenging market environment for the industry [1] Import Data - In June 2025, China imported 20,000 television sets, representing a year-on-year decrease of 12.2% [1] - The import value for the same period was $0.18 million, which is a year-on-year decline of 21.3% [1] Export Data - In June 2025, China exported 7.86 million television sets, showing a year-on-year decrease of 14.7% [1] - The export value for this period was $1.12 billion, reflecting a year-on-year decline of 17.3% [1] Industry Context - Zhiyan Consulting is recognized as a leading industry consulting firm in China, specializing in in-depth industry research and providing comprehensive consulting services to support investment decisions [1]

Core Insights - The company reported a revenue of 27.231 billion yuan for the first half of 2025, representing a year-on-year growth of 6.95% [1] - The net profit for the same period was 1.056 billion yuan, showing a year-on-year increase of 26.63% [1] Financial Performance - Revenue for H1 2025: 27.231 billion yuan, up 6.95% year-on-year [1] - Net profit for H1 2025: 1.056 billion yuan, up 26.63% year-on-year [1]